Bloomberg News

Maxam Fund May Appeal Ruling Barring Suit Against Madoff Trustee

October 14, 2011

Oct. 14 (Bloomberg) -- Maxam Absolute Return Fund Ltd., ordered to stop its lawsuit against the liquidator of Bernard L. Madoff’s firm, told a judge it is “likely” to appeal the ruling, according to a court filing today.

Maxam sued trustee Irving Picard in the Cayman Islands after he demanded return of $100 million taken out of the Ponzi scheme.

To contact the reporter on this story: Linda Sandler in New York at

To contact the editor responsible for this story: Charles Carter at

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